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Real estate firms remain confident

Aug 10, 2015

The recently released National Association of REALTORS "Profile of Real Estate Firms" report found that 95 percent of all firms are expecting their net income to either increase or stay the same in the next year. The typical residential real estate firm's brokerage sales volume was $5.6 million in 2014, while the typical commercial firm's brokerage sales volume was $4.4 million. Forty-four percent of firms are actively recruiting new agents. Among the biggest challenges they expect to face in the next two years were profitability, keeping up with technology, having sufficient property inventory and the inability of Millennials to purchase homes. Read the complete study here.

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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.